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Currency and Sale in online store

I have just opened up my first Yola store, but I have some small things I just cannot figure out.
1. How do I change the currency? It is now set to dollars, but I live in the UK and want it in pounds
2. Some of my items are on sale. How can I format a discount on specific items?

There are a number of ways to utilise a discount feature.
You could create a special category and add this to those items "onsale" and then use a formula to create the % discount. having a special category would also allow you easily to creat a specific page of "sale items" as well as including them in your main store page.

You could also use discount coupons if this rate was for qualifying customers.

I don't have it at my fingertips and the resource I use is Ecwids Knowledge Base which if you give me some time I will specifically look this up. It may be over night though (current local time 7:30 pm). Is that OK? In the meantime have a look at the KB it's a gem (after you get your bearings)

Just to add to Gop's excellent answer, here are the steps to get to the "Formats & Units" menu:

1. Log in to My Yola.
2. Click on "Online Store" in the left-hand menu.
3. Click on "Advanced Options" in the bottom right-hand corner of your product list.
4. Click "System Settings" in the top right-hand corner.
5. Select "Formats & Units".
6. Change the currency to the desired one (you can also change the weight unit (e.g., kg) and date in this menu)
7. Click "Save" in the top-right corner.

This is within the two most requested features of Ecwid. It is currently planned but not yet released. So it's not yet a feature but there is a workaround which utilizes the Discount Coupon feature.

Items or categories are tagged for discount coupon use. The discount coupon code in this case is made public by an announcement in your store and at checkout your customer inputs this discount coupon code and the discount is then applied. The discount can be absolute i,e. a specific GBP value or a percentage of marked price off.

I will /am going through the specific method at this time and will come back to you with an instruction.